Dong Nai lures nearly 800 million USD in FDI

The southern province of Dong Nai attracted 786.76 million USD in
foreign direct investment (FDI) as of August 15, fulfilling 78 percent
of the yearly target, according to the provincial Planning and
Investment Department.

From the beginning of the year, the
province licensed 50 new projects with total registered capital of over
364.3 million USD, while 46 existing projects were allowed to add a
combined 422.8 million USD to their investment.

Worthy of note, labour-intensive projects have been gradually replaced
by those using high-technology with less human power and fewer impacts
on the environment, as a result of a shift in the province’s investment
attraction policy.

Dong Nai has also paid attention
to creating a healthy and transparent business environment, accelerating
administrative procedure reform and providing more business support
activities to attract investors.

To achieve this
year’s target of 1 billion USD in FDI, the province will continue
improving human resource quality and upgrading infrastructure and
services serving workers and investors, according to the department.

By July 20, Dong Nai was home to 1,045 valid FDI projects worth about
19.25 billion USD with investors from 35 countries and territories, of
whom Taiwan, the Republic of Korea and Japan being the largest ones.-VNA